핵심요약

• 버크셔 헤서웨이, 델타 항공에 3,980만 9,456주(2.65억 달러) 신규 투자
• 델타 2026년 1분기 EPS 0.64달러(전년 대비 44% 증가), 연간 EPS 6.50~7.50달러 전망
• 13F 신고 이후 주가 23% 상승, 불매 감지 지수 62.03
• 연료비 증가로 인해 주가 변동성 가능성

도입

버크셔 헤서웨이의 최신 13F 신고는 3,000억 달러 이상의 포트폴리오 재편 방향성을 보여줍니다. 특히 델타 항공에 대한 대규모 신규 투자와 함께 제공된 실적 전망은 투자자들에게 주목할 만한 신호로 작용합니다. 이번 분석에서는 버크셔의 투자 전략과 델타의 실적 동향을 중심으로 시장 반응과 리스크 요인을 심층적으로 검토하겠습니다.

본문 1: 버크셔의 전략적 포트폴리오 조정

버크셔가 델타 항공에 2.65억 달러 규모의 지분을 신규 취득한 것은 COVID-19 이후 항공업계의 회복세에 대한 확신이 반영된 것으로 보입니다. 2026년 1분기 실적에서 델타는 EPS가 44% 증가한 0.64달러를 기록했으며, 이는 항공업계의 회복세를 보여주는 대표적인 지표입니다. 특히 프리미엄 티켓 수익이 14%, 로열티 수익이 13% 증가한 것은 고수익 사업의 확장 가능성을 시사합니다. 이처럼 버크셔의 투자 결정은 단기적인 시장 변동성보다는 장기적인 성장 잠재력을 고려한 것으로 해석됩니다.

본문 2: 델타의 실적 전망과 시장 반응

델타는 2026년 상반기 실적 전망을 발표하며 EPS 1.001.50달러, 연간 EPS 6.507.50달러를 예상했습니다. 이는 2025년 대비 20~30% 이상의 성장률을 보여주며, 투자자들에게 긍정적인 신호로 작용하고 있습니다. 실제로 13F 신고 이후 주가는 23% 상승했으며, 불매 감지 지수도 62.03로 긍정적입니다. 이러한 시장 반응은 버크셔의 투자 결정이 타당하다는 점을 뒷받침합니다.

본문 3: 연료비 리스크와 향후 전망

연료비는 델타의 주요 리스크 요인 중 하나로, 2026년 2분기 연료비 비용이 전년 대비 20억 달러 이상 증가할 전망입니다. 이는 주가 변동성의 주요 원인이 될 수 있으며, 특히 항공사들의 수송량 조절에 영향을 미칠 수 있습니다. 그러나 델타는 다각화된 수익 구조를 통해 연료비 리스크를 완화할 수 있는 잠재력을 가지고 있습니다. 따라서 연료비 변동성에 대한 모니터링이 필요하지만, 장기적인 성장 전망은 여전히 긍정적입니다.

결론

버크셔 헤서웨이의 델타 항공 투자와 델타의 실적 전망은 항공업계의 회복세를 보여주는 중요한 지표입니다. 단기적인 연료비 리스크가 존재하지만, 다각화된 수익 구조와 긍정적인 시장 반응을 고려할 때, 델타는 장기적인 성장 가능성이 높은 종목으로 평가됩니다. 향후 연료비 동향과 실적 실현 여부가 주목할 만한 포인트입니다.

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원문 링크: https://247wallst.com/investing/2026/06/24/3-stocks-berkshire-hathaway-like-this-june/?.tsrc=rss

3 Stocks Berkshire Hathaway Like This June

Berkshire Hathaway’s Q1 2026 13F filing, dated May 15, 2026, covering positions held as of March 31, 2026, offers the cleanest read yet on how Greg Abel is steering Berkshire’s $300+ billion equity book. The early-summer ritual of dissecting those moves has investors hunting for signals on where the most patient institutional capital sees value. Three names stood out for the size and conviction of the buying. 13F snapshots are point-in-time and may not reflect current holdings, but the message is clear: Berkshire is leaning into beaten-down cyclicals and one mega-cap AI compounder.

Delta Air Lines ( NYSE:DAL | DAL Price Prediction ) is the headline grabber. Berkshire exited every airline during COVID, and Abel’s team just reversed course with a brand-new position of 39,809,456 shares worth roughly $2.65 billion. That is a deliberate, high-conviction re-entry.

The fundamentals back the call. Delta’s Q1 FY26 earnings report delivered adjusted EPS of $0.64, up 44% year over year, on revenue of $14.20 billion (+9%) with free cash flow of $1.227 billion. premium ticket revenue rose 14%, loyalty revenue rose 13%, and the American Express remuneration crossed $2.00 billion (+10%). Diversified high-margin revenue now accounts for 62% of total adjusted revenue. CEO Ed Bastian guided the June quarter to “$1 billion of profit” with EPS of $1.00 to $1.50, and the full-year framework calls for EPS of $6.50 to $7.50 and free cash flow of $3 billion to $4 billion.

The market is validating the thesis. Delta is up 23% since the 13F filing date and 26% year to date, with shares at $89.05 against a $58.23 billion market cap. Sentiment is leaning the same way, with a composite sentiment score of 62.03 (bullish, medium confidence).

Risk: Fuel is the swing variable. Adjusted fuel expense rose 8% to $2.59 billion last quarter, and management flagged a projected $2 billion-plus year-over-year fuel cost increase in the June quarter, which keeps a downward bias on capacity until that improves.

Lennar ( NYSE:LEN ) saw a 43% increase in shares held. The buy ran straight into a soft quarter, exactly the kind of dislocation Berkshire historically rewards.

Lennar’s Q2 FY26 results, filed June 11, 2026, showed EPS of $1.24 (down from $1.81) on revenue of $7.94 billion (down from $8.38 billion), with gross margin on home sales compressing to 16% from 18% and average sales price down 5% to $371,000. Operationally: construction cycle time fell to a record-low 121 days from 132, construction costs improved 2% sequentially, and Lennar runs an asset-light strategy with less than 5% of land on the balance sheet. The company also repurchased 5 million shares for $447 million at an average $89.35 during Q2, near current levels.

CEO Stuart Miller framed the setup bluntly: “The fundamental shortage of housing in America has not been solved. Demand is real, deferred, and building.” The gap between current 13% incentive levels and a normalized 4% to 6% is narrowing for the first time in three years, which is the leading indicator that matters.

Shares trade at $92.72 with a $19.96 billion market cap, down 14% year to date and down 20% over one year. That weakness is precisely what Berkshire was buying.

Risk: Mortgage rates remain elevated, net homebuilding debt jumped to $1.98 billion from $643 million at the end of Q4 2025, and buyer incentives at 13% are still doing heavy lifting. Margins need that incentive number to compress.

Alphabet ( NASDAQ:GOOGL ) was the most aggressive add of the quarter, with Berkshire growing the Class A position by 204% and initiating a brand-new Class C (GOOG) stake. That is a portfolio-level statement on AI infrastructure.

The Q1 FY26 numbers explain the conviction. Alphabet delivered EPS of $5.11 versus $2.63 consensus on revenue of $109.90 billion (+22%), with operating income of $39.70 billion (+30%) and a 36% operating margin. Google Cloud put up $20.03 billion in revenue (+63%) with backlog nearly doubling quarter over quarter to more than $460 billion. Consumer AI is monetizing: 350 million paid subscriptions, Gemini Enterprise paid MAU growth of 40% QoQ, and Waymo running more than 500,000 fully autonomous rides per week. Sundar Pichai’s framing: “2026 is off to a terrific start. Our AI investments and full stack approach are lighting up every part of the business.”

Valuation is the rare part. Alphabet trades at a P/E of 15 with 36% ROE and a 33% net margin. The stock at $350.12 is down 13% since the 13F filing despite being up 110% over one year. Analyst consensus is 89% bullish with a $432.83 target, and the base-case model points to $437.05 over twelve months, implying 25% upside.

Risk: CapEx is the swing factor. Q1 CapEx hit $35.67 billion (+107%), free cash flow fell 47% to $10.1 billion, and full-year CapEx guidance sits at $175 billion to $185 billion. The ROI clock on those AI build-outs is now ticking in plain view.

Three different theses, one common thread: Abel is buying earnings power where current sentiment underprices it. The next 13F, due August, will show whether these were starter positions or down payments.

Source: https://247wallst.com/investing/2026/06/24/3-stocks-berkshire-hathaway-like-this-june/?.tsrc=rss